Kamprad fourth richest in world
Published: 9 Mar 07 16:54 CET | Print version
Online: http://www.thelocal.se/6647/20070309/
Swede Ingvar Kamprad is the fourth richest man in the world, according to US magazine Forbes.
- Stockholm in top ten of EU's richest regions (24 Mar 13)
- Reinfeldt blames wealth gap on Social Democrats (18 Feb 13)
- Stockholm 'upper-class safari' under fire (30 Jan 12)
Other Swedes to rank among the world's richest people include Stefan Persson, heir to clothes retailer H&M. Persson's $18 billion fortune puts him at 17th place on the list.
Tetra Pak heiress Birgit Rausing and her family have assets worth $11 billion, putting them at 55th place. Hans Rausing is at 73rd place with $9 billion.
Microsoft founder Bill Gates remains the richest man in the world, worth an estimated $56 billion. Investment guru Warren Buffett is in second place with a private fortune of $52 billion.
American men dominate the list. The richest woman in the world is Liliane Bettencourt, owner of French cosmetic giant L'Oreal. She come twelfth in the list of billionaires.
H&M blames long winter for profit drop
Swedish clothes manufacturer H&M posted a larger than expected drop in quarterly profit on Wednesday, citing the unusually harsh winter in Europe and North America. READ () »
Sweden sells 6.4-percent stake in Nordea
The Swedish government announced on Wednesday that it had sold 6.4 percent of its stake in Nordic banking giant Nordea, reducing its holding to 7.0 percent. READ () »
Aid cuts would be 'devastating'
Criticism of the government's foreign aid policy is mounting as Swedish ambassadors, aid organizations and politicians slam Development Aid Minister Gunilla Carlsson's announcements that development assistance to several countries may be slashed. READ () »
Swedish forestry firm cuts 2,500 jobs
Forestry giant Stora Enso plans to let another 2,500 employees go, of whom 750 work in Sweden, citing weak markets and deflating profits. READ () »
Sweden among winners in future EU-US deal
Sweden is second in line to benefit the most from an EU free-trade deal with the US, for which negotiations were finally given the all-clear in a move welcomed by pro-business groups in Sweden. READ () »
New Telia CEO 'excited' about the job
TeliaSonera's new head Johan Dennelind believes he is the right man to restore the Swedish telecom giant's reputation after the company's Uzbek bribery scandal. READ () »
ABB board unanimous in pick of CEO
Swiss-Swedish engineering giant ABB has appointed a new CEO, who has a background in oil and gas, utilities, telecoms and automotive industries and who was a key player in the acquisition of Baldor. READ () »
Wine pulled because it was 'too good': supplier
Sweden's state-run liquor store monopoly has sent back 6,000 bottles of a Spanish wine because it tasted better than expected, according to a Swedish alcohol supplier. READ () »
Sweden may cut aid to Palestinian territories
Development aid minister Gunilla Carlsson has said that the Swedish government may reduce development assistance for the Palestinians since they have failed to reach a peace agreement with Israel. READ () »
Gothenburg corruption blamed on city culture
A hierarchical "Gothenburg Spirit" among politicians and civil servants contributed to a culture of corruption in the past decade, concluded a report on Sweden's second largest city. READ () »
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